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A comment on Woman makes $420k by buying insurance on flights she predicted would get delayed. Parent comment

Re:Woman makes $420k by buying insurance on flights she pred... by vikramkr on Monday June 15, 2020 @10:23AM (#23527625)
In the US there's basically a 110% chance that whatever insurance policy you took has become a part of some derivative contract with swaps or whatever.

And everyone financially engineers insurance if they have anything resembling a free market.

Reinsurance in denmark: https://www.lexology.com/library/detail.aspx?g=654d1fd4-cffc...

First result for Denmark insurance swaps: https://books.google.com/books?id=XsbFBgAAQBAJ&pg=PA34&lpg=P...

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Re:Woman makes $420k by buying insurance on flights she pred... by ISL on Monday June 15, 2020 @01:41PM (#23530386)
Even the "110%" number is apt to be correct, as someone has probably sold one of those derivatives short.
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Re:Woman makes $420k by buying insurance on flights she pred... by vikramkr on Monday June 15, 2020 @01:46PM (#23530458)
Good point - I meant that as hyperbole but if you want to start counting shorts and swaps on swaps and swaps on shorts and shorts on swaps and reinsurance and swaps on reinsurance and so and and so forth, well, that gets really big really fast. Let's just say there was a reason we were so worried about AIG going under during the previous financial crisis.
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